Costs Of Plasticlunch Trays

LA SPECULAZIONE HA RIPRESO AD ATTACCARCI!

Come si temeva la speculazione ha ripreso il suo attacco ai nostri titoli di Stato, oggi lo spread BTP - BUND a 10 anni ha raggiunto la fatidica soglia dei 200 punti base, da qui potrebbe iniziare una brutta discesa. Chi segue l’azionario sa come la nostra borsa recentemente abbia avuto brutte performance, mentre i tedeschi hanno guadagnato, ciò è una spia della nostra debolezza ed è un segnale di fuoriuscita dall’Euro. Quando il Tesoro varò a maggio la manovra ci lamentammo dicendo che era mediocre, adesso si vedono i risultati, si paventa una manovrona che sarà varata dal prossimo governo il cui Presidente Council according to the "nose" will be dragons, and then privatize the last remaining jewels of state ... in this regard after hearing what he said Cossiga Dragons in 2008 (see video). This film
Italy has already experienced in 1992, then we risk seriously by default, so it was necessary to balance the privatized companies, even selling out our friends of the speculators now history is repeating itself. However, with Dragons president there could be a strong rebound in our securities, in part because speculators like Dragons, this is finance!

Red Forehead With Headaches

L'INFLUENZA SUINA CHE AMMAZZA I PIIGS


So after Greece Ireland also took the "fever" as it is a contagious virus, Portugal is preparing to take the other 2 countries PIIGS, Spain and Italy it is good that you vaccinino before it is too late.
Seriously, Portugal is actually for some time on the road to Greece and Ireland, so those who have recently purchased such securities should not lose much, must be careful who is investing in English or Italian government bonds since there is scope for an increase in the premium for the risk of devaluing their bonds. If anyone wants to buy
of CCT, in the event of financial crisis, are better with the old Bot indexed to type rather than one linked to Euribor, in June, the Treasury could have been far-reaching change in the indexing.
Returning to the crisis we can say that we are living two years ago saw a movie, then speculation takes aim at a bank get into trouble, then he took another and so on, are now targeting the PIIGS, the first to fall are obviously been the weaker nations, then they will think of bigger ones, if they get into crisis Spain and Italy for the Euro would be the end and this is the goal of speculators.
Personally I support the rescue because then there is hope of overcoming the crisis, otherwise the financial and economic catastrophe is imminent, we are in the same situation of a patient with cancer that if you care you can save, otherwise it will be doomed.

Fluid On The Kneww Diagnosis

Clossus Projects - Dante's Paradiso (The Divine Comedy Part. III) 2010 Various Artists

This completes the saga of the great progressive of the divine comedy Dante Alighieri desired and conceived by 'Norwegian label "Colossus Project" and created in collaboration with the "Musea Records" (French label always attentive to the movement progressive). Even this last act (Paradise) was prepared with 4 fabulous CD with excellent performances by all groups project participants. Note how once again, for this third work, the musicians have stuck only to the use of instruments in vogue in the '70s as: Hammond, Melletron, Minimoog, Fender Rhoades Etc .... Even the music, of course, have all the atmosphere of the 70s (Genesis, Yes, Van Der Graaf Generator, ELP etc ...).

Track Listing: CD 1

01) Marco Lo Muscio - Intro The Celestial Way

02) Little Tragedies - The Singing

03) New Era - Canto II

04) Greewall - That the sea to which all moves

05) Mathijs Herder - Longing

06) Nexus - El Reino Secundo

07) Brighteye Brison - Under Ornens Vingur

08) The Redzen - Alexa

In The Cage 09) Tommy Eriksson - Fallig Into Bliss

CD 2

01) Place Block 19 - The Last Water

02) Oracle - Kings Of The Future Past

03) Faveravola - Franciscan Del Sole

04) Armalite - The Circle, The Light and Virtue

05) Groovector - Houkutja Kuninkaat

06) Roz Vitalis - Canto XIV

07) De Rossi & Bands - Inside The Circle Farm

08) Echoes - The Circle Of Light

09) Jaime Rosas - Cruz Del Sur

CD 3

01) Kbridge - Canto XVIII

02) Simon Says - The Needle's Eye

03) Colossus Project - In The Eye Of The Eagle

04) Ozone Player - Canto 21

05) Jinetes Negros - A beautiful eyes

06) Blank Manuscript - Living Star

07) Nemo - Sans Voix

08) Daal - Static Stars

09) Matthijs Herder - Sacratus

CD 4

01) Mist Seasons - Hands Defending

02) Kotebel - Canto XXVIII

03) Tabula Smaragdina - Angyal

04) Raimundo Rodulfo - El Sol De Sus Ojos

05) Flamborough Head - Labyrinth Of Light

06) Lady Lake - Miserere Mei

07) Yesterdays - 33

08) Marco Lo Muscio - Outro

09) Atlantis001 - Conclave Deorum

External link: http://www.youtube.com/watch?v=ZVv1kNsS0QY

http://www.musearecords.com/ext_re_new_releaseselect.php?np=37153

What Is The Insurance On An Ambulance

STUDIO CONSOB, IL TV


Today we continue the study of Consob on bank bonds in the placement, taking into consideration the variable rate, this study is based on the spread over Euribor, as you can see from the table, the spread offered to retail is negative ! At the institutional is positive, we present verbatim what scholars write Consob.

"In the retail bids for bonds with a credit equal to that of
Republic (Aa2) the average and median spread is negative for more than 10 basis points
, while for bonds rated A1 and A2, the spread is negative
median for more than 20 basis points those rated A3 to Baa1 and the median spread is
negative for about 10/15 basis points for the spread BCC median is zero (regardless of the presence
coverage of the guarantee fund Federcasse).
Again, there is clearly a very weak correlation between the returns
and issuer risk. The cost of raising a floating rate at retail is on average significantly below Euribor
with very high frequency even if the risk is higher issuer
to that of the Italian Republic, where it is possible to estimate that the same collection in
€ Italian Treasury
international institutional investors - through the so-called bond Republic of Italy - in the period in question is
occurred at rates higher than Euribor.
As shown for fixed-rate securities, the situation is radically different
for deals for institutional investors. The spreads on Euribor (the
simply spread) is on average about 50 basis points to
banks that have the same credit quality of the Italian Republic (this confirms the fact, already found in connection with the issuance
of fixed rate bonds, which, with the same rating
, institutional investors require a higher return than that required in the sovereign
that incorporates a liquidity premium) and approximately 120 basis points
for banks rated Aa3; for banks in the range of the spread rating A1
median rises to over 180 basis points, while those rated A2
spread the median drops to around 60 basis points for banks rated Baa2
the spread is close to 200 points base.
It is thus clear that for the floating rate notes, the same risk
broadcaster, the returns offered to retail investors is significantly lower than
those offered to institutional investors in international placements, as well as
be very weakly related to the issuer risk. "
As you can see also the variable-rate bonds in employment are to be avoided.

Beds On Hire Purchase

Studio Consob sulle obbligazioni bancarie in collocamento


Last summer, the Consob has published a study on bank bonds placement.
It is very large, we will explain in some post the part about the returns.
Today we attend to the fixed-rate bonds placed at retail during the period July 2007-June 2009 by the first five Italian banking groups, banks controlled by foreign groups and cooperative banks, which together rappresentano quasi l’80% del controvalore collocato nel periodo.
Lo studio si basa sul confronto dei rendimenti tra le obbligazioni al retail e quelle presso gli investitori istituzionali nel biennio in esame; sono utilizzati due diversi approcci per misurare il rendimento dei titoli, vi illustreremo solo il primo che si basa sulla rilevazione dei rendimenti al momento dell’emissione, misurati come spread rispetto al rendimento di un equivalente BTP.
Come vedete nell’immagine i titoli sono suddivisi per classi omogenee di rating, quindi osserviamo gli spread rispetto all’equivalente BTP offerte al retail ed agli investitori istituzionali.
Adesso vi riportiamo ciò che scrivono gli studiosi della Consob a proposito di the table: "The offer to retail bonds from banks with Moody's Aa2 (ie credit equal to that of the Italian Republic, whose ratings Moody's is just Aa2) have a spread over BTP near zero (the median is slightly below zero while the average is slightly greater than zero), the bonds are rated Aa3 median rather than the BTP a spread of about 10 basis points (the average is slightly lower), while those rated A1, the spread BTP is the median compared to a loss of about 22 basis points.
For banks rated A2, A3, Baa1, and the average spread over the BTP and the median returns is substantially close to zero.
Only banks rated Baa2, the spread than the average and median BTP is significantly greater than zero (about 30 basis points). For
emissions BCC Federcasse guaranteed by the fund and the average spread
median is 7 basis points, while the emission is not guaranteed is slightly higher (about 13 basis points
), with coverage of the guarantee fund consortium seems to not affect significantly on the cost of collection and the returns offered by BCC. "
then write:
" In essence, the returns of fixed-rate bonds
placed at the retail customers are very weakly correlated with the risk and issuer risk liquidity and are very frequently negative for banks with an issuer risk than that of the Italian Republic.
Table 8 shows that the situation is radically different for the emission
placed with institutional investors, as in this case, the bond yields on average incorporate a significant premium compared to the Italian government bond yields for all age-rating of banks issuers. In particular, the yields of bonds of banks rated Aa2 (then equal to that of the Italian Republic) incorporate an average spread over the BTP and the median of about 80 basis points (which therefore reflects a liquidity premium), while for bonds Aa3 rating of banks with the median spread salt at 90 basis points for banks rated A1 the median spread is 120 basis points, while those rated A2 is approximately 100 basis points (this anomaly probably reflects a different timing of emissions, a different premium for liquidity or other risk factors).
It is evident that institutional investors require a significant premium over the returns of Italian government bonds to underwrite bonds, even if the issuer risk is in line with that of the Italian Republic. There is also a correlation between spreads and ratings are much more evident than the data offered at retail. Several studies, over longer periods and many more samples, has shown how in the Euromarket bond offerings reserved for institutional investors there is a strong correlation between spreads and ratings and how the rating is one of the main determinants of spreads. "

summary bank bonds placed in the "horse park" offering a yield of at least 80 basis points lower than that offered to institutional practice in this' last they charge is a risk that the issuer liquidity, in fact most of the bank bonds will not be listed on regulated markets, also sometimes the small investor is offered a lower yield equivalent BTP, then we can see that the rating for the retail sector has little influence on the rate, while the institutions are more sensitive to this issue (obviously the more you risk, the higher the interest must be).

Capsaicin Cream Trigeminal

IL NUOVO CCT

Today we want to deal with the operation of the new CCT CCT-called EU they replace the old CCT indexed to Treasury bills plus a spread dell'0, 30%.
In practice, the indexation mechanism of CCT-EU is simple, they are linked to '6-month Euribor plus a spread, that the two CCT-EU so far has been issued dell'0, 80%.
The official reason for this choice depends on the fact that foreigners were reluctant to buy CCT related to BOTs, then the Euribor is the rate of traditional variable-rate securities.
The rate of the BOT is related to country risk in addition to interest rates, while the Euribor interest rate is tied to the expectation and trust in the European banking system, at which point some evil might think that because we pass to Euribor our Treasury feared a financial crisis in the future of Italy, about not taking place.
Instead we want to comment on a passage from the statement of the MEF in explaining the operation of these financial instruments, states that "In a context of gradual downsizing of the share of floating rate notes on the total stock of securities State, the new instrument will gradually replace the old CCT, which will not be issued more regularly. "
So we learn that the proportion of floating rate notes on the total stock of our securities will fall, in our view this means that there expects a rate hike in the coming years is what we are saying for months, but there is an "antidote" that in future we will explain what types of bonds to bet in this situation objectively difficult for the fixed income securities.